Nipomo, California Real Estate & Housing Market

Nipomo, CA Listings

For Sale For Rent

Find real estate listings

Find rental listings

Nipomo Housing Information

Index	Nipomo	California	National
Median home price	$403,000	$409,300	$184,700
Median rent asked	$1,366	$1,297	$949
Avg. people per household	2.9	3.0	2.6
Owner occupied households	71.6%	54.1%	63.6%
Renter occupied households	28.4%	45.9%	36.4%

Above is a snapshot look at the real estate market in Nipomo, CA. In Nipomo, CA, the median house price is $403,000, making the price 2% lower than that the average for California. Therefore, the affordability of Nipomo, CA area real estate is more affordable than the real estate in other areas of California. In addition, Nipomo, CA has a median rent price of $1,366; this price is 5% higher than that the average rental price for California. 71.6% of residents in Nipomo, CA are homeowners, and the average amount of people who reside in each home is 2.9. Nipomo, CA has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Nipomo, CA real estate for sale.

Nipomo Home Affordability

When looking for real estate in Nipomo, CA, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Nipomo, CA, the median price of a home is $403,000 and $70,226 is the median household income. This means that the home price to income ratio is 5.7x, a ratio that is 11% lower than the average in California. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Nipomo, CA will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Nipomo, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Los Berros, CA	718	$0	100%
Casmalia, CA	140	$168,800	9%
Sisquoc, CA	264	$175,000	5%
Guadalupe, CA	7,252	$210,900	14%
Santa Maria, CA	103,642	$276,800	50%
Nipomo, CA	16,456	$403,000	118%

Cities with similar population

City, State	Population	Home Price	National Avg.
Lansdale, PA	16,454	$220,600	19%
Sikeston, MO	16,464	$106,100	43%
Frankfort, IN	16,447	$79,900	57%
Cañon City, CO	16,445	$148,200	20%
Sartell, MN	16,442	$180,300	2%
Nipomo, CA	16,456	$403,000	118%

Source: The Nipomo, CA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).